Family Office Briefing on research byNewmark·Jan 31, 2025

Fairfield County, Ct & Lower Hudson Valley, Ny Industrial Market Snapshot 2Q24

This report provides an overview of the industrial market in Fairfield County, CT and Lower Hudson Valley, NY as of mid-year 2024.

IndustrialFairfieldConnecticut

Key Metrics

Metric	Value	Change / Context
Total Inventory	148million SF	None
Total Vacancy Rate	5.9%	+100 bps YoY
Leasing Activity	2.2million SF	None
Net Absorption	1.4million SF	None
Average Asking Rent	13.46$/SF	+6% YoY

Metrics extracted from the source report and independently fact-checked. Method →

How a family office could deploy

Co-GP / Platform Capital · share the promote

Family offices could consider co-GP or platform capital investments in established operators focusing on the growing industrial market in Fairfield County and the Lower Hudson Valley, particularly those involved in speculative developments.

Direct / Separate-Account Ownership

Direct ownership of industrial assets in this region could provide family offices with control and customization, especially in light of the ongoing new developments and rising rental rates.

LP Allocation

As a passive LP, family offices might explore commitments to funds targeting industrial properties, although this approach offers less control and alignment compared to direct or co-GP investments.

How family offices deploy capital into real estate →

Full report

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